American Express Fraud and Risk Analyst Interview Questions and Answers

Q1. Basic resume related questions and about the JD
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Q1. Technical round related to the skill sets.
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Q1. Behavioral questions
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Q1. Powerbi visuals and use case
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Q1. Difference between credit card and debit card
Ans. 
Credit card is a form of borrowing money with interest, while debit card is linked to your bank account and uses your own funds.
• Credit card allows you to borrow money up to a certain limit, while debit card uses funds directly from your bank account.

• Credit card charges interest on the borrowed amount, while debit card does not have interest charges.

• Credit card may offer rewards or cashback, while debit card does not ty...read more
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Q1. Well Fargo CEO's name
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Q2. Excel formula's
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Q1. Tell me about yourself
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I am a detail-oriented professional with a background in investigating and preventing fraud.
• Experienced in analyzing financial data and identifying suspicious activities

• Skilled in conducting interviews and interrogations to gather information

• Familiar with various fraud detection tools and techniques

• Strong attention to detail and ability to work under pressure

• Excellent communication and problem-solving skills
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Q1. Tell me about yourself
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Experienced fraud specialist with a background in investigating financial crimes and implementing fraud prevention measures.
• Over 5 years of experience in fraud detection and prevention

• Skilled in analyzing financial data and identifying suspicious patterns

• Proficient in using fraud detection software and tools

• Successfully led investigations resulting in the prosecution of fraudsters
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Psychometric test which was conducted online

Q1. Manager round where basics of fraud knowledge will be tested. Interviewer has focused on communication skills and our problem solving
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Q1. Just package discussion and company policies
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Q1. Tell me about yourself
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Q1. Different between vulnerability and risk
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Vulnerability is a weakness in a system that can be exploited, while risk is the likelihood of a threat exploiting that vulnerability.
• Vulnerability is a flaw or weakness in a system that can be exploited by a threat.

• Risk is the likelihood of a threat exploiting that vulnerability and the potential impact of that exploitation.

• Vulnerability is inherent in the system, while risk is the combination of the likelihood and im...read more
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Q2. What is control monitoring
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Control monitoring is the process of regularly checking and evaluating the effectiveness of controls put in place to manage risks.
• Regularly checking and evaluating controls

• Ensuring controls are effective in managing risks

• Identifying any gaps or weaknesses in controls

• Taking corrective actions to improve controls

• Examples: reviewing access logs to monitor unauthorized access, conducting periodic audits of financial contro
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Q3. Control and risk involved in your previous project or processes?
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Q1. Tell me about yourself
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Experienced risk analyst with a background in finance and data analysis.
• Over 5 years of experience in analyzing financial risks and developing risk management strategies

• Proficient in statistical analysis and modeling using tools like Excel, SAS, and R

• Strong understanding of market trends and regulatory requirements

• Excellent communication skills and ability to present complex data to stakeholders

• Previously worked at XYZ...read more
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Q1. Questions related to the inherent risk in products like bonds, structured products, etc.
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